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In a community-wide message on Jan. 22, Rooney announced a 2.4 percent tuition increase for the 2018-19 academic year. She noted it was the lowest increase in the past few years.

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Loyola enrolled 356 more first-year students than what the university budgeted for the 2017-18 school year, and Residence Life has brought on a consulting group to map out solutions going forward.

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Large financial aid packages, a bloated salary base and insufficient fundraising efforts have left Loyola scrambling for a million-dollar solution to address a potential looming budget crisis.

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Loyola President Jo Ann Rooney recently appointed Magdziarz — who’s served in multiple roles over the course of his more than 35 years at the university — to be Loyola’s next Chief Financial Officer (CFO) and Chief Business Officer (CBO) after former CFO Robert Munson stepped down in April to take another job in Cincinnati.

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Wayne Magdziarz will become Loyola’s next Chief Financial Officer (CFO) and Chief Business Officer (CBO), the university announced Aug. 3.